Grupa Kety Sa · GPW:KTY
Grupa Kety Sa — Q1 2022 Earnings Presentation
25 slides from Grupa Kety Sa's earnings presentation, Apr 21, 2022
Slide 1: Results for the 1st Quarter of 2022
RESULTS FOR THE 1ST QUARTER OF 2022 DARIUSZ MAŃKO RAFAŁ WARPECHOWSKI PIOTR WYSOCKI TOMASZ GRELA RAFAŁ LECHOWICZ CHAIRMAN OF THE BOARD MEMBER BOARD MEMBER BOARD MEMBER CEO ALUPOL PACKAGING BOARD 21st April 2022
Slide 2: Good quarter despite the war in Ukraine
GOOD QUARTER DESPITE THE WAR IN UKRAINE MARKET OPERATIONS FINANCES ENVIRONMENT AND INVESTMENTS + STRONG DEMAND IN ALL + HIGH SALE AND CAPACITY + PLN 268 million - EBITDA / PLN SECTORS OF THE GROUP’S UTILIZATION 175 million - NET PROFIT ACTIVITY + STARTING KEY INVESTMENT + PLN 85 million – OPERATING
Slide 3: Thank you for appreciating our work
THANK YOU FOR APPRECIATING OUR WORK 3
Slide 4: Operating activity of segments
OPERATING ACTIVITY OF SEGMENTS 4
Slide 5: Extruded Products Segment
EXTRUDED PRODUCTS SEGMENT The aluminum industry globally in Q1 2022 3M aluminum price quotations (USD / t) Billets premium (USD / t), DDP North Germany 1600 1600 4100 1500 1400 1300 1200 1100 1000 900 800 700 Apr '21 Apr '22 Apr '21 May '21 Jul '21 Sep'21 Nov'21 Jan'22 Mar '22 Apr '22 - High aluminu
Slide 6: Extruded Products Segment
EXTRUDED PRODUCTS SEGMENT 1Q 1Q change Increase in volume sales by 3%. (PLN million) 2022 2021 Stable level of orders both in the country and on Sales 641,7 370,7 73% foreign markets. Domestic 335,0 191,2 75% International 306,7 179,5 71% High EBITDA profit: EBITDA 81,9 52,4 56% - production efficie
Slide 7: Extruded Products Segment
EXTRUDED PRODUCTS SEGMENT 30,0 95,4% 98,1% 98,3% 86,5% 96,4% 100,0% 90,0% 25,0 80,0% High level of capacity utilization in the 70,0% 20,0 60,0% first quarter - activities increasing, 15,0 50,0% production efficiency compensated for the 22,2 23,3 24,5 22,6 40,0% 10,0 20,7 30,0% lack of availability o
Slide 8: Extruded Products Segment
EXTRUDED PRODUCTS SEGMENT • Innovative projects Components for electric cars of Elements for automatic storage Elements for electric vehicle the American brand FISKER (a set systems charging stations of profiles) • Increasing production efficiency Extrusion of aluminum profiles Installation of moder
Slide 9: Extruded Products Segment
EXTRUDED PRODUCTS SEGMENT ALLUPOL LLC, Ukraine Borodianka Location: Borodianka, 50 km from Kiev. Year of production start: 2007 Number of employees: 115 Scope of activity: extrusion of aluminum profiles Production capacity: 7,500 tons / year 2016 r. PLN million 2020 2021 1Q 2021 1Q 2022 Sales 48 75
Slide 10: Aluminum Systems Segment
ALUMINUM SYSTEMS SEGMENT 1Q 1Q Increase in revenues due to higher by 15% (PLN million) change 2022 2021 volumes of the main assortments and the Sales 585,0 410,5 43% effect of the product price increases Domestic 354,8 240,2 48% International 230,2 170,3 35% Increase in EBITDA thanks to higher volum
Slide 11: Aluminum Systems Segment
ALUMINUM SYSTEMS SEGMENT DOMESTIC SALE Facilities implemented in Q1 (+) a stable supply of warehouse and industrial investments, a visible increase in hotel and apartment investments for rent Quorum B, Wrocław, PL Ogrody Ulricha, Warszawa, PL (including the conversion of buildings from office to res
Slide 12: Aluminum Systems Segment
ALUMINUM SYSTEMS SEGMENT Facilities implemented in Q1 Černá perla_ Czechy, Ostrava Aeon Campus_ Rumunia, Brasov FOREIGN SALE (+) Dynamic development of the Aluprof brand in Romania and almost all over the Balkan Peninsula (+) Czechia - implementation of one of the most New Point 2_ Rumunia, Voluntar
Slide 13: Aluminum Systems Segment
ALUMINUM SYSTEMS SEGMENT INVESTMENTS 1Q % of the (PLN milion) 2022 budget investments budget Implementation of the main projects of the investment plan Total 162 21 13% New plant in Złotów Design works and administrative procedures to obtain the necessary decisions and permits. Extension of the vert
Slide 14: Aluminum Systems Segment
ALUMINUM SYSTEMS SEGMENT PREMIERE: THE FIRST PREMIUM CLASS PERGOLA SOLD IN THE FORM OF A SYSTEM The first solution on the market available in the form of a system for self-prefabrication. The structure of the MB-OpenSky 140 system is made of extruded aluminum and is characterized by high stability a
Slide 15: Flexible Packaging Segment
FLEXIBLE PACKAGING SEGMENT Market situation Granulate LDPE ICIS spot low (EUR/ton) Granulate PP ICIS spot low (EUR/ton) 1980 1995 2000 1838 1863 1883 2000 1872 1813 1778 1728 1785 1788 1758 1735 1738 1725 1058 1698 1645 1575 1605 1563 1550 1600 1478 1600 1500 1500 1005 1500 1383 1230 1168 1200 1200
Slide 16: Flexible Packaging Segment
FLEXIBLE PACKAGING SEGMENT 1Q 1Q (PLN million) change 2022 2021 Increase in sales due to higher volumes Sales 404,3 284,5 +42% and higher prices of petrochemicals, Domestic aluminum and papers 176,8 139,3 +27% International 227,5 145,2 +57% High EBITDA margin despite a significant EBITDA 102,1 77,0
Slide 17: Flexible Packaging Segment
FLEXIBLE PACKAGING SEGMENT capacity utilisation (%) 96% 97% 100% 85% 88% 30 76% 25 Increase in the production capacity 20 50% 15 utilization despite the turmoil on the raw 10 materials market 5 0% 0 1Q 2021 2Q 2021 3Q 2021 4Q 2021 1Q 2022 INVESTMENTS 1Q % of the Implementation of the investment plan
Slide 18: Consolidated Financial Results
CONSOLIDATED FINANCIAL RESULTS 18
Slide 19: Consolidated Financial Results
CONSOLIDATED FINANCIAL RESULTS (PLN million) 1Q 1Q change • Increase in revenues mainly due to higher raw 2022 2021 material prices and higher sales volumes Revenues 1 500,1 990,1 +52% • Revaluation of assets related to operations in EBITDA 267,9 199,7 +34% Ukraine reducing the result by PLN 48 mill
Slide 20: 1st Quarter Cash Flow
1ST QUARTER CASH FLOW Operating cashflow (PLN million) CAPEX (PLN million) 100 250 86 87 200 152 99 132 150 94 50 45 44 85 43 100 45 50 0 0 4Q 2020 1Q 2021 2Q 2021 3Q 2021 4Q 2021 1Q 2022 4Q 2020 1Q 2021 2Q 2021 3Q 2021 4Q 2021 1Q 2022 Cash flows in 1st quarter • PLN 85 million of cash flow from ope
Slide 21: Secure Level of Financial Ratios
SECURE LEVEL OF FINANCIAL RATIOS Debt maturity structure Debt currency structure Net debt (PLN million) & Net debt/EBITDA ratio 1000 1,1 1,2 long term EUR 1,0 0,9 1,0 44% 14% 800 0,8 0,8 0,8 0,7 600 0,6 841 899 913 0,4 400 586 534 620 short term PLN 0,2 56% 85% 200 0,0 4kw 2020 1kw 2021 2kw 2021 3kw
Slide 22: Prospects for Q2 2022
PROSPECTS FOR Q2 2022 MARKET OPERATIONS & FINANCES ENVIRONMENT INVESTMENTS • STABLE DEMAND, • ENSURING FULL • ENSURING APPROPRIATE ESTIMATED SALES approx. AVAILABILITY OF LIQUIDITY + 40 - 50% yoy PRODUCTION CAPACITY AND WORK SAFETY • MANAGEMENT BOARD • HIGH RAW MATERIAL RECOMMENDATION ON THE PRICES,
Slide 23: Additional Information
ADDITIONAL INFORMATION 23
Slide 24: Additional Information
ADDITIONAL INFORMATION Volume sales (`000 tons) 1Q 2021 2Q 2021 3Q 2021 4Q 2021 1Q 2022 Extruded Products Segment 22,8 25,1 25,7 21,1 23,5 Flexible Packaging Segment 24,5 21,7 22,4 19,5 26,4 Segment’s EBITDA (PLN million) 1Q 2021 2Q 2021 3Q 2021 4Q 2021 1Q 2022 Extruded Products Segment 52,4 68,7 91
Slide 25: Legal Note
Legal Note. This presentation has been prepared by Grupa Kęty S.A. only for informational purposes and it does not form a purchase or sale offer or an offer aiming at soliciting a purchase or sale offer as regards any securities or financial instruments, or the participation in any commercial undert